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1 answer:
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Answer:
Interest rate, R = 244%
Step-by-step explanation:
Given the following data;
Principal = $270
Simple interest = future amount - principal = 309.60 - 270 = $39.60
Time = 22/360 = 0.06 years
To find the interest rate?
Mathematically, simple interest is calculated using this formula;
Where;
- S.I is simple interest.
- P is the principal.
- R is the interest rate.
- T is the time.
Substituting into the equation, we have;
Cross-multiplying, we have;
<em>Interest rate, R = 244.44 ≈ 244%</em>
<em>Therefore, the pawnbroker charged Elisa a simple interest rate of 244%.</em>
Answer:
(3.8, 6.8)
Step-by-step explanation:
Point B:
Has coordinates (x,y)
AB and BC form a 2:3 ratio.
This means that:
We apply this both for the x-coordinate and for the y-coordinate.
x-coordinate:
x-coordinate of A: 3
x-coordinate of C: 5
x-coordinate of B: x
y-coordinate:
y-coordinate of A: 4
y-coordinate of C: 11
y-coordinate of B: y
Thus the correct answer is:
(3.8, 6.8)